{"id":23100,"date":"2022-01-31T13:12:31","date_gmt":"2022-01-31T12:12:31","guid":{"rendered":"https:\/\/newsonlineng.com\/?p=23100"},"modified":"2022-02-01T08:41:48","modified_gmt":"2022-02-01T07:41:48","slug":"breaking-naira-gains-at-p2p-and-official-markets-see-new-exchange-rate","status":"publish","type":"post","link":"https:\/\/newsonlineng.com\/breaking-naira-gains-at-p2p-and-official-markets-see-new-exchange-rate\/","title":{"rendered":"BREAKING: Naira Gains At P2P And Official Markets, See New Exchange Rate"},"content":{"rendered":"
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Naira Gains At P2P And Official Markets FX<\/a> turnover drops to two-week low See New Exchange Rate below.<\/strong><\/h4>\n

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NewsOnline<\/a> <\/strong>reports that the exchange rate between the naira and the US dollar<\/strong> <\/a>closed at N416\/$1 at the Investors and Exporters (I&E) window, where forex is traded officially.<\/p>\n

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Naira<\/a><\/strong> gained against the US dollar on Friday to its highest level during the week to close at N416\/$1, representing a 0.08% appreciation compared to N416.33\/$1 recorded in the previous trading session, indicating a year-to-date average rate of N416.62\/$1.<\/p>\n

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ALSO: How To Apply For UK Revisited Priority Visa (Step-By-Step Guide)<\/a><\/strong><\/h3>\n

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Similarly, exchange rate at the Peer-to-Peer (P2P) market appreciated significantly to its highest level in over three weeks, trading at N570\/$1 in the early hours of Monday 31st January 2022.<\/p>\n

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Highlights<\/strong><\/h3>\n

Forex turnover at the official market decreased by 28.5% to $81.29 million as opposed to the $113.71 million recorded in the previous trading session. This represents the lowest turnover at the official FX market in over two weeks.<\/p>\n

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